Altex Industries (OTCMKTS:ALTX) Trading 20% Higher – Still a Buy?

Altex Industries, Inc. (OTCMKTS:ALTXGet Free Report) rose 20% during trading on Tuesday . The company traded as high as $0.29 and last traded at $0.29. Approximately 2,000 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 4,500 shares. The stock had previously closed at $0.24.

Altex Industries Price Performance

The company has a market cap of $3.23 million, a PE ratio of 7.20 and a beta of 0.10. The company’s 50 day simple moving average is $0.25 and its two-hundred day simple moving average is $0.25.

About Altex Industries

(Get Free Report)

Altex Industries, Inc, through its subsidiary, Altex Oil Corporation, owns interests in productive onshore oil and gas properties located in Utah and Wyoming. The company was incorporated in 1985 and is based in Denver, Colorado.

Further Reading

Receive News & Ratings for Altex Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altex Industries and related companies with MarketBeat.com's FREE daily email newsletter.